Legal Information

Our life insurance license is approved by the FSA.

The life insurance license (Life license) gives the legal entity Nordic Partners Sweden AB the right to provide financial advisory services and to provide help with all life insurance types on the market: for example, endowment insurance, pension insurance, service pension, etc. Nordic Partners Sweden AB is registered with the Companies Registration Office and the Financial Supervisory Authority as an insurance provider.

The FSA has given Nordic Partners its insurance license. This life insurance license means that Nordic Partners is authorized to pursue insurance mediation in all classes of life insurance. Nordic Partners has also received a license to conduct investment advice on fund units and fund unit mediation.

The Life Insurance Broker license gives the managers and employees at Nordic Partners the right to give advice in regards to all types of life insurance on the market. Nordic Partners, however, requires that all advisers have been approved in one of the markets and in relation to the FSA recognized insurance brokerage licenses (e.g. INSURESEC). This normally requires a year of study and a completed degree, along with two years of industry experience, to be able to start working with life insurance. The Life Insurance Broker educational program comprises the following areas:

Insurance Techniques and Management: management procedures, risk assessment and the legal frameworks concerning the products in the life insurance business. Design of products, returns and repurchases, the product mix of life and fund insurance.

Occupational pensions: form and origin, solutions for employees of small, medium and large companies. Occupational pension forms, pension plans, collective binding agreement solutions for the management team, high earner solutions, officials and workers.

Nordic Partners has liability insurance with policy number SP674582.1.1 at IF Insurance of maximum EUR 1,120,200 per claim related to the life insurance license. Nordic Partners is liable under the law on insurance mediation (SFS 2005: 405) and must pay compensation if the insured suffers as a result of brokerage and investment advisory advice in regards to mutual funds, as an ancillary activity under the law on insurance mediation (SFS 2005: 405).

Investment Counselling

Nordic Partners Sweden AB is an affiliated agent of Garantum Fondkommission AB by law (2007: 528) regarding the securities market. As an affiliated agent Nordic Partners Sweden AB may market investment or ancillary services, receive and transmit instructions or orders relating to investment services or financial instruments, place financial instruments as well as provide investment advice to clients regarding financial instruments or services. Garantum Fondkommission AB is responsible for any pure financial loss that the agent, through its operations, whether intentionally or negligently, causes the customer.

All counsellors at Nordic Partners have Swedsec licenses to ensure quality advice and the correct skills.